Silver is the most priceless and one of the rare metals in the world. This was discovered approximately 3000 B.C. ago in ancient Turkey and Greece. The Anglo-Saxon word “siolfur” is the root of the Silver. The Latin word for silver is “Argentum” (Ag), which we can consider its old name. In the history of silver in Mesopotamia, people used silver as currency and to create many artifacts.
People consider sterling silver a soft metal, so they alloy it with copper to make it hard. According to data, people have discovered 1,740,000 metric tons of silver worldwide, with approximately 550,000 tonnes remaining on the earth.
The Greeks were the first to mine silver from the Laurium (A town in the southeastern part of Attica, Greece), and silver metal played an important role in economic growth and trading factors. During the middle period of this metal, Europe took advantage and deposited silver in central Europe. At that time silver was vital for trading because different kingdoms had recognised its worth and future.
Historical Data Of Silver
The Spanish conquest of America reached a turning point in the 16th century when miners produced significant silver stocks and transferred them to Europe, boosting silver trading. After all that Spain rose to dominant global power and ended the Inflation instability. Silver had been used as a currency in trading with Asian countries.
In the 18th and 19th Centuries Silversmiths had been using technology for silver mining refining. During that time the monetary system shifted toward silver rather than gold, and still, the value of silver has never waned. During WWI silver was used to wrap the wounded people and in WW2 silver was used to make a Uranium Bombs.
In the 20th Century, silver production was approximately 26,000 metric tons. Mexico is considered one of the top silver producers in the world. Mexicans used it to create coins, religious medallions, crosses, and liturgical items.
The United States is one of the top Silver consumers in the world. Currently, people call Silver 925 because silver is made up of 92.5% sterling silver and 7.5% other metals.
Largest Importer Of Silver
| Largest Importers Of Silver | Growth Values |
|---|---|
|
United State(US) |
$5.812B |
|
Canada |
$3.77B |
|
Hong Kong |
$2.95B |
|
United Kingdom(UK) |
$2.33B |
|
Turkey |
$1.95B |
|
Australia |
$171M |
|
Italy |
$124M |
|
Germany |
$108M |
|
Switzerland |
$47.5M |
Exporters Of Silver In a world
| Largest Exporters | Growth Values |
|---|---|
|
China |
$3.75B |
|
United Kingdom |
$3.2B |
|
Mexico |
$2.49B |
|
Germany |
$1.75B |
|
United States |
$1.69B |
|
Japan |
$1.6B |
Summary
History of Silver is a fantastic tale of discovery, precious metal, and technological advancement. Silver has always proven its rarity and worth in its journey from ancient uses in coinage and ornamentation to modern technology in medical equipment and electronic items. It has always raised the metal’s beauty in the world, with a rich history of economic growth, ancient civilization, and modern industries. We have appreciated its consistent lustre and unique usage. Silver history is an inspirational topic for anyone wanting to know its details. In this, we are not just uncovering a metal, but we can also know the person’s hard work, ambition, and artistic mind, which makes it rare. To stay Updated with the latest Silver rate you can visit further.